fbpx

Is Hiring a Virtual Property Manager Worth It

Is Hiring Virtual Property Manager Worth It

Is Hiring a Virtual Property Manager Worth It

Stephen Atcheler

Stephen Atcheler

Author

Is Hiring a Virtual Property Manager Worth It? The new normal of hiring virtual assistants is supported by Entrepreneur magazine, with companies who adopt it set to thrive in the future. Real estate industry is no exception & hiring a property management virtual assistant can help firms succeed.”

What is a Property Management Virtual Assistant?

A property management virtual assistant is a remote team member who performs all the functions of a property manager. They market properties and handle leasing and maintenance.

What are the Benefits of A Property Management Virtual Assistant?

A property management virtual assistant provides many benefits to your real estate agency.

Frees Up In-House Staff

A property management virtual assistant can handle many day-to-day property management tasks that your in-house staff may be handling currently. For example, a property management virtual assistant can

  • Manage arrears
  • Handle lease renewals
  • List properties online and market them on social media
  • Set up appointments
  • Create invoices and receipts
  • Handle the details of vacates
  • Do basic bookkeeping
  • Handle tenant applications, including screening

Because a virtual assistant can complete so many tasks, hiring a virtual assistant frees up in-house staff time for activities that produce revenue. For example, consider how much income an agency could bring in if the team has more time to communicate with current and future property owner clients.

Saves You Money

Real Estate Save Money

Hiring an offshore virtual assistant can save you a significant amount of money over hiring an in-house team member. You save money with a virtual assistant in three ways. The first is that offshore labor costs are often less. For example, a real estate agency in the United States, United Kingdom, Canada, New Zealand, or Australia that hired a property management virtual assistant in the Philippines would pay only about one-third the local rate. In other words, the agency could employ three virtual assistants for the price of one local assistant.

You also save money because you don’t have to create a workstation for the virtual assistant. They will work in the offices of their offshoring company, which will furnish them with a computer, headset, web camera, desk, chair, and a space to work. You’ll only need to invest in the software tools necessary to communicate with your virtual assistant and manage their work.

Finally, you save money because hiring a virtual property manager through an offshore staffing solutions firm requires less of your time than hiring one in person. You won’t have to do the advertising yourself or cull through hundreds of unsuitable applications. An excellent offshore staffing solutions firm will do that for you and present you with a small group of qualified applicants to interview.

Provides Better Customer Service

The whole focus of the virtual property manager is on property management. They aren’t drawn into other tasks or distracted by people coming into the office needing additional help. They don’t have to worry about keeping appointments outside the office. Because they can focus entirely on property management, they can provide better service to tenants and owners.

Also, unless you manage apartments geared toward senior citizens, most tenants prefer virtual communications to in-person ones. They like the ease of virtual tours, filling out applications online, paying rent, and requesting maintenance through portals. Happy tenants will stay with you longer, and tenant retention is critical for profit retention.

Has Special Skill Sets

Real Estate Has Special Skill Sets

A virtual property manager has skills that are very specific to managing properties virtually. They will do the tasks much more efficiently than a team member with a broader job description. A virtual property manager also works in an environment with other virtual assistants and will know the best practices for property management.

Is Hiring a Property Manager Worth It?

Well, consider the benefits. Your in-house team will be free to meet with more property owners, potentially increasing the number of rentals you control. You’ll save money hiring a virtual assistant. A virtual assistant will mean lower labor costs and time savings in hiring. You also won’t need to set up and equip a local workstation.

A property manager is focused only on managing the property. They have a specialized skill set that will make them more efficient at this task than someone performing that duty amid other tasks. A property manager virtual assistant also increases customer satisfaction. They can answer inquiries from property owners and tenants quickly. Also, many tenants prefer the convenience of communicating virtually.

Outsourcing at ShoreAgents in the Philippines

With all the benefits a property manager virtual assistant offers, is hiring one worth it Definitely. ShoreAgents, an offshore real estate staffing firm based in the Philippines, can help you find and hire a property manager virtual assistant. The Philippines provides a well-educated, English-fluent workforce that will work for about one-third the salaries of assistants in many Western countries. Partner with us today.

About Author

Meet Stephen Atcheler, the Managing Director of a Real Estate Virtual Assistant Company. Stephen has been working in the industry since 2013 and has a wealth of experience in making outsourcing work for real estate businesses. He fell in love with real estate at a young age and has been working in the field since 2005. Stephen's passion for real estate and helping other business owners thrive led him to start his own real estate business in 2012, and eventually, to establish a real estate virtual assistant company to take it to the next level. Stephen's wealth of experience and knowledge in real estate and outsourcing make him the perfect person to guide you in setting up your own virtual assistant team. Feel free to reach out to him on Facebook, LinkedIn, Twitter, or Instagram.

Submit a Comment

Here are other articles you may like

Follow us on our social media channels:

Powering Global Brands

Hear what our members have to say

Find out more about how it works?

How much does it cost?

Find out more about how it works?

How much does it cost?

Services

Are you ready to hire one agent?

Are you ready to hire one agent?

Do you need to build a team?

Do you want to hire a complete workforce?

Do you need to build a team?

Do you want to hire a complete workforce?

Pricing Calculator

Assistant Property Manager
Transaction Coordinator
Property Accountant
Real Estate Sales Assistant
Assistant Development Manager

Find out in less than a minute how much it costs?

USD
USD
Standard
$691
$999
€640
₱37,500
$627
$905
€580
₱34,000
$553
$799
€512
₱30,000
$516
$746
€478
₱28,000
$479
$692
€444
₱26,000
assistant-property-manager
Assistant Property Manager
$8.37
Assistant Property Manager
$25.20
Assistant Property Manager
$12.09
Assistant Property Manager
$36.40
Assistant Property Manager
€7.75
Assistant Property Manager
€23.32
Assistant Property Manager
₱453.98
Assistant Property Manager
₱1,366.84
Assistant Property Manager
8.37
25.20
Assistant Property Manager
12.09
36.40
Assistant Property Manager
7.75
23.32
Assistant Property Manager
453.98
1,366.84
Assistant Property Manager

transaction-coordinator
Transaction Coordinator
$10.31
Transaction Coordinator
$29.52
Transaction Coordinator
$14.89
Transaction Coordinator
$42.63
Transaction Coordinator
€9.54
Transaction Coordinator
€27.32
Transaction Coordinator
₱559.21
Transaction Coordinator
₱1,601.15
Transaction Coordinator
10.31
29.52
Transaction Coordinator
14.89
42.63
Transaction Coordinator
9.54
27.32
Transaction Coordinator
559.21
1,601.15
Transaction Coordinator

property-accountant
Property Accountant
$9.68
Property Accountant
$35.97
Property Accountant
$13.98
Property Accountant
$51.95
Property Accountant
€8.96
Property Accountant
€33.29
Property Accountant
₱525.04
Property Accountant
₱1,950.99
Property Accountant
9.68
35.97
Property Accountant
13.98
51.95
Property Accountant
8.96
33.29
Property Accountant
525.04
1,950.99
Property Accountant

real-estate-sales-assistant
Real Estate Sales Assistant
$7.08
Real Estate Sales Assistant
$29.56
Real Estate Sales Assistant
$10.23
Real Estate Sales Assistant
$42.69
Real Estate Sales Assistant
€6.55
Real Estate Sales Assistant
€27.36
Real Estate Sales Assistant
₱384.02
Real Estate Sales Assistant
₱1,603.32
Real Estate Sales Assistant
7.08
29.56
Real Estate Sales Assistant
10.23
42.69
Real Estate Sales Assistant
6.55
27.36
Real Estate Sales Assistant
384.02
1,603.32
Real Estate Sales Assistant

assistant-development-manager
Assistant Development Manager
$9.62
Assistant Development Manager
$34.19
Assistant Development Manager
$13.89
Assistant Development Manager
$49.38
Assistant Development Manager
€8.90
Assistant Development Manager
€31.64
Assistant Development Manager
₱521.78
Assistant Development Manager
₱1,854.45
Assistant Development Manager
9.62
34.19
Assistant Development Manager
13.89
49.38
Assistant Development Manager
8.90
31.64
Assistant Development Manager
521.78
1,854.45
Assistant Development Manager

Membership Fee

$

Membership: Standard

Approximate Saving

Monthly

$

Yearly

$

Diff/Hour

$

Weekly

$

Assistant Property Manager

Our Monthly Rate

$

US Monthly Rate

$

Our Yearly Rate

$

US Yearly Rate

$

Approximate Saving Percentage

%

*Based on real-time exchange rates